Improper Professional Conduct (Delphi)
The U.S. Securities and Exchange Commission (SEC) settled administrative proceedings finding that Nicholas Difazio and Duane Higgins, Deloitte & Touche engagement partners on the 2000 and 2001 audits of the financial statements of Delphi Corporation, engaged in improper professional conduct on those audits. The SEC found that Difazio, the lead engagement partner, and Higgins, the audit engagement partner, failed to exercise due professional care in the planning and performance of the audit. Difazio and Higgins settled without admitting or denying the SEC’s findings. Both men were temporarily denied the privilege of appearing or practicing before the SEC as an accountant. See related Deloitte LLP instance, “Delphi Corporation Securities Litigation”.
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- Date of Settlement
Delphi Corporation Securities Litigation